INDP vs OPAD: Correlation
How closely do Indaptus Therapeutics, Inc. (INDP) and Offerpad Solutions Inc. (OPAD) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and OPAD?
Across a 3-year window, the weekly returns of INDP and OPAD correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.42, with an annualized covariance of 26549.2 %².
OPAD is one of the assets that tracks INDP most closely: it ranks #2 out of the 13 assets we track against INDP. Correlation aside, the last 12 months split them widely, with OPAD ahead by 115.2 points (-81.9% versus +33.3%). Note the risk asymmetry: OPAD runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
INDP vs OPAD: side by side
| INDP (Indaptus Therapeutics, Inc.) | OPAD (Offerpad Solutions Inc.) | |
|---|---|---|
| 1-year return | -81.9% | +33.3% |
| 5-year return | -99.6% | -96.7% |
| Volatility (ann.) | 123.5% | 440.7% |
| Beta vs S&P 500 | 1.78 | -1.25 |
| Max drawdown (3Y) | -99.2% | -95.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDP | OPAD |
|---|---|---|
| 2022 | -74.6% | -92.8% |
| 2023 | +21.4% | +48.2% |
| 2024 | -52.2% | -72.2% |
| 2025 | -87.7% | -57.5% |
| 2026 | -60.1% | +270.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and OPAD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INDP and OPAD?
The INDP/OPAD correlation stands at 0.49 on a 3-year window (1 year: 0.61, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is OPAD a good diversifier for INDP?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/indp-vs-opad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/indp-vs-opad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INDP correlations · OPAD correlations
